salesforce.com, inc. (CRM) Shares Bought by Mn Services Vermogensbeheer B.V.

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Mn Services Vermogensbeheer B.V. increased its stake in shares of salesforce.com, inc. (NYSE:CRM) by 2.9% during the third quarter, HoldingsChannel.com reports. The fund owned 113,114 shares of the CRM provider’s stock after buying an additional 3,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in salesforce.com were worth $17,989,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CRM. One Capital Management LLC bought a new position in salesforce.com in the third quarter valued at $212,000. Metropolitan Life Insurance Co. NY grew its position in salesforce.com by 4.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 142,379 shares of the CRM provider’s stock valued at $19,420,000 after purchasing an additional 5,892 shares in the last quarter. First Heartland Consultants Inc. bought a new position in salesforce.com in the second quarter valued at $284,000. Polaris Greystone Financial Group LLC bought a new position in salesforce.com in the third quarter valued at $220,000. Finally, Korea Investment CORP grew its position in salesforce.com by 33.0% in the second quarter. Korea Investment CORP now owns 679,162 shares of the CRM provider’s stock valued at $92,638,000 after purchasing an additional 168,500 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

In other salesforce.com news, CAO Joe Allanson sold 272 shares of salesforce.com stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $151.53, for a total value of $41,216.16. Following the completion of the sale, the chief accounting officer now owns 30,310 shares in the company, valued at approximately $4,592,874.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Victor Roos sold 176 shares of salesforce.com stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $145.50, for a total transaction of $25,608.00. Following the completion of the sale, the director now owns 12,513 shares of the company’s stock, valued at approximately $1,820,641.50. The disclosure for this sale can be found here. In the last quarter, insiders acquired 18,000 shares of company stock valued at $2,703,900 and sold 501,298 shares valued at $75,593,047. 6.00% of the stock is owned by insiders.

Shares of salesforce.com stock opened at $133.95 on Wednesday. salesforce.com, inc. has a twelve month low of $98.68 and a twelve month high of $161.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $103.51 billion, a price-to-earnings ratio of 297.67, a price-to-earnings-growth ratio of 4.50 and a beta of 1.38.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.24. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The business’s revenue was up 27.3% on a year-over-year basis. As a group, equities research analysts expect that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

A number of research analysts have recently commented on the stock. Piper Jaffray Companies lifted their price objective on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, August 15th. Bank of America lifted their price objective on shares of salesforce.com from $161.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, August 21st. UBS Group lifted their price objective on shares of salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Argus lifted their price objective on shares of salesforce.com from $141.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Finally, Stifel Nicolaus lifted their price objective on shares of salesforce.com from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, July 17th. Six analysts have rated the stock with a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $165.25.

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salesforce.com Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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